My aha moment
About 5 years ago I was thinking of trading my car in and I was going to finance. I went down the rabbit hole and started looking at all kinds of expensive vehicles. I was looking at this beamer that was $63,000. At this time I was just getting into Dave's teachings. So I thought to myself, what would Dave say. Ha ha. He would say pay cash. Now here is where it got interesting, I thought to myself, there's no way I would pay 63,000 for a car if that's all the money I had. And I kept asking myself how much money would I have to have to pay 63,000 for a car. 100,000 nope not gonna do it. 200,000? Nope 500,000 nope. What a joke. In the old way of thinking I just looked at the monthly payment. Happy to say I'm still puttering down the road in my old Honda. Hopefully about 12 month from being debt free.